🇦🇺Australia Judo Bank Manufacturing PMI 🟢Australia's Judo Bank Manufacturing PMI rose to 49.4 in November from 47.3 in October, marking the 10th consecutive month of contraction but the slowest decline in six months. New orders fell further, keeping output in a two-year slump, though export orders edged up slightly. Input costs eased, with inflation hitting its lowest since June 2023, as material prices like grains and aluminum declined. Output price inflation also slowed, reflecting reduced cost pass-through to customers. Backlogs fell faster, signaling reduced strain on capacity, while job creation slowed amid ongoing challenges. 🔗Read more 🫶 @OtetMarkets_en